Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Big Job Cuts in Financial Services May Just Be Getting Started
By Paul J. DaviesNext year, the reductions could accelerate if markets stay choppy, investors cautious and corporations wary of investing or doing deals.
December 06, 2022
Morgan Stanley to Cut About 2,000 JobsGoldman Sachs and Bank of America executives warned of hiring slowdowns on Tuesday, citing the uncertain economic outlook.
December 06, 2022
Goldman CEO Sounds Warning on Job Cuts, PayAssuming "bumpy times ahead ... ," said David Solomon, the investment firm might have to do some "pruning in certain areas."
December 06, 2022
Fidelity Taps Leaders for Advisor, Institutional BusinessesThe move is part of the firm's alignment of clearing and custody with its brokerage and technology operations.
December 02, 2022
How to Navigate the 'Slightly New Normal' in 2023Rather than making big asset class bets, investors should seek strong performers in each class, Columbia Threadneedle's Joshua Kutin writes.
December 02, 2022
Blackstone's $69B Real Estate Fund Hits Redemption LimitRich individuals, family offices and financial advisors have recently become more cautious about tying up money in hard-to-trade assets.
December 01, 2022
Florida to Pull $2B of Assets From BlackRockIt's the latest move in a fight led by Governor Ron DeSantis against firms embracing environmental, social and corporate governance values.
November 30, 2022
What Stock Investors Should Look for Right Now: Morgan Stanley Private Wealth ExecFocus on strong-performing sectors with earnings resilience like health care, Sherry Paul says.